Shizuki Electric Company Inc. Declares Dividend for the Third Quarter Ended December 2016; Provides Year-End Dividend Guidance for the Year Ending March 2017; Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2016; Provides Earnings Guidance for the Fourth Quarter Ending March 31, 2017
January 30, 2017 at 08:00 am EST
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Shizuki Electric Company Inc. declared dividend of JPY 5.00 per share for the third quarter ended December 2016 against JPY 5.00 per share paid a year ago.
The company expects to pay a year-end dividend of JPY 6.00 per share for the year ending March 2017 against JPY 6.00 per share paid a year ago.
The company announced consolidated earnings results for the third quarter ended December 31, 2016. For the quarter, the company reported net sales of JPY 15,029 million against JPY 16,066 million a year ago. Operating income was JPY 896 million against JPY 1,489 million a year ago. Ordinary income was JPY 1,130 million against JPY 1,590 million a year ago. Profit attributable to owners of parent was JPY 607 million against JPY 878 million a year ago. Net income per share was JPY 20.00 against JPY 30.19 a year ago.
For the fourth quarter ending March 31, 2017, the company expects net sales of JPY 20,800 million, operating income of JPY 1,220 million, ordinary income of JPY 1,390 million and profit attributable to owners of parent of JPY 820 million or net income per share of JPY 26.99.
SHIZUKI ELECTRIC COMPANY INC. is a Japan-based company mainly engaged in the manufacture and sale of film capacitors and related products, as well as the power equipment system business. The Company operates in two business segments. The Capacitor and Module segment is engaged in the manufacture and sale of capacitors for air conditioners, automobiles, washing equipment, ventilation fans, railway vehicles, control equipment and others. The Electric Power Equipment System segment is engaged in the manufacture and sale of electric power equipment such harmonic countermeasure equipment, railway power supply equipment, electric furnace equipment, power receiving and transforming equipment, instantaneous voltage drop compensation devices and others. The Company is also engaged in the information equipment system business. The Company operates within the domestic market and to overseas markets, including the United States, China and Southeast Asian.
Shizuki Electric Company Inc. Declares Dividend for the Third Quarter Ended December 2016; Provides Year-End Dividend Guidance for the Year Ending March 2017; Announces Consolidated Earnings Results for the Third Quarter Ended December 31, 2016; Provides Earnings Guidance for the Fourth Quarter Ending March 31, 2017
SHIZUKI ELECTRIC COMPANY INC. 
